OPGS Power Gujarat Private Ltd (OPGPL), a company promoted by OPG Energy Pvt Ltd, is facing problem as the Fuel Supply Agreement has not yet been signed and lenders have refused to disburse any further financing to the project unless the FSA is signed.

OPG Power Ventures_ProjectsMonitorThe lenders, a consortium led by Rural Electrification Corporation and other members including the Punjab National Bank and the State Bank of Hyderabad, have stopped lending money on the ground that the LOA could not be converted to an FSA within two years.

OPGPL was supposed to sign the FSA with South Eastern Coalfields Ltd before December 30, 2013. However, SECL has not signed the FSA till date seeking some clarifications. In the mean time OPGPL has sought the intervention of the Project Monitoring Group (PMG) of the Cabinet Secretariat to expedite the grant of FSA. Accordingly, the matter was once again discussed in the Coal Sub-group meeting of the PMG on April 9, 2014 after being taken up in the PMG meeting on March 19, 2014. OPGPL has also approached the Cabinet Secretariat to direct the lenders of consortium to continue disbursement of funds irrespective of the execution of FSA to avoid any delay in commissioning of the project.


Print pagePDF pageEmail page

1 COMMENT

  1. No more stalled Projects ?

    Here is one of the things that I think is needed :

    Treat MII ( Make In India ) on par with MOM ( Mars Orbital Mission )

    We have all seen MOM control room on TV , with dozens of scientists glued to respective computer screens , monitoring every aspect of the Mission

    And , whenever required , taking ” Course Correction Actions ” in real time

    For MII ( Make In India ) too , we need such Control Rooms

    One at the HUB (in DIPP ) and 20+ SPOKES (one each in State Capitals )

    The concerned officers will monitor :

    > WEB SITE TRAFFIC

    Who is visiting from where and looking at which pages , and doing what , and for how long …etc

    > MESSAGE TRAFFIC

    From server log of B2B web site , monitor which FOREIGN COMPANIES are blasting ( We are interested in a JV with you / We want to buy from you ) messages to which INDIAN COMPANIES

    > ACTION TRAFFIC

    B2B server sending out ( within ONE MINUTE ) , full details of above-mentioned messages to,

    * Indian Diplomatic Missions abroad to get in touch with the Message-Sending FOREIGN COMPANIES , offering instant help

    * Chief Ministers / Industry Ministers / Industry Commissioners etc of the STATE GOVERNMENTS , where message-receiving INDIAN COMPANIES are located ( expect a fierce ,healthy competition amongst States to locate project in their States ! )

    > PROJECT MONITORING

    Implementation of each project ( above a certain value ) being monitored using PERT technique – thru a specific Mobile App installed on the cell phones of concerned Government officers

    To make MOM a reality , cost the country , some Rs 430 Crores – and time of some 100 scientists

    I believe CONTROL ROOMS ( War Rooms ? ) of Make In India , may not cost more than Rs 43 Crores ( – all put together )

    And some company like Infosys / TCS / Wipro , will be able to construct – and operationalize – such rooms ( hardware and software included ) within 3 months

    Given the challenge to raise our ” Ease of Doing Business ” rank from 142 to 42 , this is the surest / fastest / cheapest method !

    —————————————————————————-

    hemen parekh
    14 July 2015
    B2BmessageBlaster

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*